Toncoin announced a partnership with the UAE government to provide Golden Visas for token stakers, leading to a significant price increase.
Toncoin Partnership with UAE
The partnership aims at high-value individuals, requiring a deposit of $100,000 in TON tokens. Market responses were immediate, with an 11% surge in token prices post-announcement.
CITE_W_A: "Toncoin announced a partnership with the UAE government to provide eligible TON token stakers with a UAE 'Golden Visa' valid for 10 years." - Wu, Crypto News Aggregator
Investment Opportunities
The program targets investors, significantly boosting the TON ecosystem through long-term staking. Eligible investors must stake $100,000 for three years, increasing circulating supply and total value locked (TVL).
Participants may anticipate annual returns of 3-4%, contributing to capital inflow.
Broader Impacts
While the focus remains on the TON blockchain, historical parallels with other crypto residency initiatives highlight potential financial advantages for investors choosing this route. This initiative may enhance Toncoin’s market offerings and attract high-net-worth individuals from active crypto markets like the UAE.
The partnership between Toncoin and the UAE indicates significant changes in token values and the potential for attracting investors, but official comments from founders or UAE officials are currently unavailable.
